When your budget gets slashed dramatically, maintaining staff morale is crucial. Here’s how you can keep your team's spirits high:

• Communicate openly: Be transparent about the budget cuts and the steps being taken to manage them.

• Recognize and reward effort: Acknowledge hard work through non-monetary rewards like public recognition or extra time off.

• Encourage team bonding: Foster a supportive environment with team-building activities that don’t require much funding.

What strategies have worked for you in tough financial times? Share your thoughts.